Puzo Michael J
BOSTON, MA
$388m in 66 US stocks at the end of 30 June 2026. The top 10 are 47.8% of the money. It changed about 9.6% of the portfolio this quarter.
Value
$388m
Stocks
66
Top 10 share
47.8%
Turnover
9.6%
What changed this quarter
New
Bought for the first time this quarter.
- IntelINTC0.1% of the fund
- CorningGLW<0.1% of the fund
- DoverDOV<0.1% of the fund
- GQG Partners Emerging MarketsGQGIX<0.1% of the fund
Added
Bought more of a stock they already held.
- Eli LillyLLY2.9% of the fund+7%
- Vertex PharmaceuticalsVRTX2.0% of the fund+3%
- American ExpressAXP1.7% of the fund+19%
- Uber TechnologiesUBER1.4% of the fund+11%
- Charles SchwabSCHW1.3% of the fund+12%
- BroadcomAVGO1.0% of the fund+79%
- Waste ConnectionsWCN0.9% of the fund+149%
- NextEra EnergyNEE0.7% of the fund+172%
- Canadian Pacific Kansas CityCP0.1% of the fund+43%
Cut
Sold some of their stake.
- Advanced Micro DevicesAMD7.2% of the fund-11%
- AlphabetGOOGL6.3% of the fund-9%
- NvidiaNVDA5.4% of the fund-2%
- AppleAAPL5.2% of the fund-4%
- Applied MaterialsAMAT4.7% of the fund-2%
- Analog DevicesADI4.4% of the fund-10%
- Johnson & JohnsonJNJ3.9% of the fund-3%
- RTXRTX3.3% of the fund-4%
- Rockwell AutomationROK3.3% of the fund-2%
- AptargroupATR1.9% of the fund-10%
- Berkshire Hathaway INC DELBRK-A1.5% of the fund-11%
- Canadian National RailwayCNI1.5% of the fund-6%
- Berkshire HathawayBRK-B0.6% of the fund-2%
- AbbVieABBV0.6% of the fund-7%
- CaterpillarCAT0.3% of the fund-7%
- DeereDE0.2% of the fund-6%
- UnitedHealth GroupUNH0.2% of the fund-88%
- FiservFISV0.1% of the fund-75%
- PepsiCoPEP0.1% of the fund-40%
- Meta PlatformsMETA<0.1% of the fund-11%
- Vanguard Small CAP Index Admiral SharesVSMAX<0.1% of the fund-50%
- Carrier GlobalCARR<0.1% of the fund-85%
- JPMorgan ChaseJPM<0.1% of the fund-52%
Sold out
Sold their entire stake.
- McCormickMKC-100%
- Air Products & ChemicalsAPD-100%
- Colgate-PalmoliveCL-100%
- EOG ResourcesEOG-100%
- RelxRELX-100%
Holdings
- Schneider Elec SA ADRSBGSY
- Share
- 2.9%
- Value
- $11m
- Shares
- 170,477
Held
- Berkshire Hathaway INC DELBRK-A
- Share
- 1.5%
- Value
- $6m
- Shares
- 8
-11%
- Canadian National RailwayCNI
- Share
- 1.5%
- Value
- $6m
- Shares
- 49,603
-6%
- Munich RE Group
- Share
- 0.6%
- Value
- $2m
- Shares
- 4,436
Held
- Roche Hldgs AG BaselRHHBY
- Share
- 0.3%
- Value
- $1m
- Shares
- 23,940
Held
- Bank of Montreal /canBMO
- Share
- 0.2%
- Value
- $618,450
- Shares
- 3,500
Held
- ShellSHEL
- Share
- 0.1%
- Value
- $422,593
- Shares
- 5,450
Held
- Fidelity 500 IndexFXAIX
- Share
- <0.1%
- Value
- $376,582
- Shares
- 1,442
Held
- Fidelity Nasdaq CompositeFNCMX
- Share
- <0.1%
- Value
- $367,941
- Shares
- 1,103
Held
- Vanguard Small CAP Index Admiral SharesVSMAX
- Share
- <0.1%
- Value
- $246,738
- Shares
- 1,700
-50%
- GQG Partners Emerging MarketsGQGIX
- Share
- <0.1%
- Value
- $192,712
- Shares
- 10,400
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Advanced Micro DevicesAMD | 7.2% | $28m | 48,290 | -11% |
| AlphabetGOOGL | 6.3% | $24m | 67,922 | -9% |
| NvidiaNVDA | 5.4% | $21m | 104,542 | -2% |
| AppleAAPL | 5.2% | $20m | 70,293 | -4% |
| Applied MaterialsAMAT | 4.7% | $18m | 25,035 | -2% |
| Analog DevicesADI | 4.4% | $17m | 43,236 | -10% |
| Johnson & JohnsonJNJ | 3.9% | $15m | 59,597 | -3% |
| MicrosoftMSFT | 3.7% | $14m | 38,446 | Held |
| Amazon.comAMZN | 3.7% | $14m | 59,827 | Held |
| MastercardMA | 3.3% | $13m | 25,086 | Held |
| RTXRTX | 3.3% | $13m | 67,846 | -4% |
| Rockwell AutomationROK | 3.3% | $13m | 25,511 | -2% |
| TJX CompaniesTJX | 3.0% | $12m | 77,779 | Held |
| Eli LillyLLY | 2.9% | $11m | 9,392 | +7% |
| Schneider Elec SA ADRSBGSY | 2.9% | $11m | 170,477 | Held |
| Procter & GamblePG | 2.5% | $10m | 66,746 | Held |
| Automatic Data ProcessingADP | 2.3% | $9m | 39,376 | Held |
| Home DepotHD | 2.2% | $9m | 24,726 | Held |
| DanaherDHR | 2.2% | $9m | 45,274 | Held |
| Abbott LaboratoriesABT | 2.1% | $8m | 91,512 | Held |
| Vertex PharmaceuticalsVRTX | 2.0% | $8m | 15,907 | +3% |
| XylemXYL | 2.0% | $8m | 65,331 | Held |
| AptargroupATR | 1.9% | $8m | 60,108 | -10% |
| ChevronCVX | 1.9% | $7m | 44,480 | Held |
| American ExpressAXP | 1.7% | $7m | 19,362 | +19% |
| Berkshire Hathaway INC DELBRK-A | 1.5% | $6m | 8 | -11% |
| Canadian National RailwayCNI | 1.5% | $6m | 49,603 | -6% |
| Uber TechnologiesUBER | 1.4% | $5m | 75,833 | +11% |
| Charles SchwabSCHW | 1.3% | $5m | 55,627 | +12% |
| ExxonMobil HoldingsXOM | 1.2% | $4m | 32,671 | Held |
| BroadcomAVGO | 1.0% | $4m | 9,864 | +79% |
| Waste ConnectionsWCN | 0.9% | $4m | 21,257 | +149% |
| NextEra EnergyNEE | 0.7% | $3m | 30,272 | +172% |
| Munich RE Group | 0.6% | $2m | 4,436 | Held |
| Berkshire HathawayBRK-B | 0.6% | $2m | 4,485 | -2% |
| MerckMRK | 0.6% | $2m | 17,353 | Held |
| AbbVieABBV | 0.6% | $2m | 8,766 | -7% |
| ASML Holding NVASML | 0.5% | $2m | 915 | Held |
| Roche Hldgs AG BaselRHHBY | 0.3% | $1m | 23,940 | Held |
| CaterpillarCAT | 0.3% | $1m | 1,050 | -7% |
| Emerson ElectricEMR | 0.3% | $1m | 6,987 | Held |
| WalmartWMT | 0.2% | $815,472 | 7,200 | Held |
| DeereDE | 0.2% | $640,673 | 1,010 | -6% |
| Bank of Montreal /canBMO | 0.2% | $618,450 | 3,500 | Held |
| Union PacificUNP | 0.2% | $610,640 | 2,245 | Held |
| UnitedHealth GroupUNH | 0.2% | $588,117 | 1,415 | -88% |
| AlphabetGOOG | 0.1% | $551,195 | 1,560 | Held |
| FiservFISV | 0.1% | $544,944 | 11,110 | -75% |
| IntelINTC | 0.1% | $465,247 | 3,332 | New |
| PepsiCoPEP | 0.1% | $433,280 | 3,200 | -40% |
| ShellSHEL | 0.1% | $422,593 | 5,450 | Held |
| Wells Fargo & CompanyWFC | 0.1% | $413,200 | 5,000 | Held |
| Canadian Pacific Kansas CityCP | 0.1% | $401,969 | 4,639 | +43% |
| VisaV | 0.1% | $394,554 | 1,150 | Held |
| Fidelity 500 IndexFXAIX | <0.1% | $376,582 | 1,442 | Held |
| Fidelity Nasdaq CompositeFNCMX | <0.1% | $367,941 | 1,103 | Held |
| Cisco SystemsCSCO | <0.1% | $359,427 | 3,060 | Held |
| Coca-ColaKO | <0.1% | $318,578 | 3,920 | Held |
| Meta PlatformsMETA | <0.1% | $306,992 | 545 | -11% |
| Gilead SciencesGILD | <0.1% | $249,648 | 1,976 | Held |
| Vanguard Small CAP Index Admiral SharesVSMAX | <0.1% | $246,738 | 1,700 | -50% |
| CorningGLW | <0.1% | $242,658 | 950 | New |
| Carrier GlobalCARR | <0.1% | $240,955 | 3,285 | -85% |
| JPMorgan ChaseJPM | <0.1% | $229,131 | 700 | -52% |
| DoverDOV | <0.1% | $201,852 | 900 | New |
| GQG Partners Emerging MarketsGQGIX | <0.1% | $192,712 | 10,400 | New |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 10.5% since 30 June 2025.
Where the money is
Technology31.9%
Industrials15.3%
Health care14.6%
Retail & consumer9.0%
Financial services7.5%
Media & telecom6.5%
Energy3.1%
Everyday goods2.9%
Materials1.9%
Utilities1.6%
Other5.8%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.